LMR.V · 2026-02-09 12:00:00

Lomiko Metals Pays the 1st Anniversary Payment for the Yellow Fox Property to Metals Creek and Adds Claims to the Agreement

Mergers & Acquisitions

#439, 7184 120th Street, Surrey, BC, V3W 0M6● Ph: (778) 228-1170 ● Fax: (604) 583-1932 ● Website: www.lomiko.com

Lomiko Metals Pays the 1st Anniversary Payment for the Yellow Fox Property

to Metals Creek and Adds Claims to the Agreement

February 9, 2026 – Montreal, Québec: Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko” or the

“Company”) is pleased to announce that further to its agreement with Metals Creek (“Lomiko”)

(see news release dated 22 January 2025) in regards to the Yellow Fox Property, the Company

will be paying the first anniversary payment of $23,125 and 889,423 shares of Lomiko Metals Inc.

at a deemed price of $0.13 per share subject exchange approval. The company has also paid the

first-anniversary payment to the finder of $1,875 and 72,115 shares at a deemed price of $0.13 per

share, subject to exchange approval.

In addition, the Company announces that it has signed two amendments regarding extra claims

being staked and added to the original property size.

The first amendment dated 30 th April, 2025, increased the land package to include 30 additional

units in Block 039252M for a total of 58 units spanning 1,446 hectares; and

The second amendment, dated 29 th January, 2026, further increased the land package to include

51 additional units in the Block 040194M (43 units) and Block 040195M (8 units) for a total of

109 units spanning 2,725 hectares.

The Yellow Fox Property is now comprised of 109 claim units in 5 licences spanning 2,725

hectares. (see figures 1&2 below).

The Yellow Fox Property is located approximately 10 km southwest of the Town of Glenwood,

Newfoundland, and south of the Trans-Canada Highway. The Property occurs within NTS map

sheets 02D/14 and 15 with excellent access along several logging and skidder roads originating

from Glenwood. The main Yellow Fox showing is located in the central part of License 027536M,

5km from the western end of Gander Lake. The property is centered at approximately UTM (NAD

27) grid coordinates are 5,419,400m North and 645,300m East.

Figure 1: Yellow Fox Property

Figure 2: Yellow Fox and Adjacent Properties

Definitive Agreement terms

Lomiko can acquire 100% of Metals Creek’s interest in all mineral rights forming the Property in

consideration of:

Terms of Option

(a) The Optionee shall have the right to acquire 100% of the right, title and interest in

and to the Option Interests with Metals Creek retaining a 2% NSR by making the

following payments:

(b) (i) in cash totaling $64,750, according to the following schedule:

1. on the Closing Date, $18,500; (Paid)

2. on or before first anniversary of this Agreement, $23,125; (Paid)

3. on or before second anniversary of this Agreement, $23,125; and

price per LMR Share equal to the Market Price (as such term is defined in the TSX

Venture Exchange Corporate Finance Manual) on the date of the signature of this

Agreement according to the following schedule:

1. on the Closing Date, $50,875 payable in LMR Shares; (Paid)

2. on or before first anniversary of this Agreement, $115,625 payable

in LMR Shares; (Paid) and

3. on or before second anniversary of this Agreement, $161,875

payable in LMR Shares.

Yellow Fox is an early-stage exploration property prospective in antimony, zinc, lead, gold, silver,

and more recently REEs. Historic work has returned samples anomalous in gold (Au), antimony

(Sb), lead (Pb), zinc (Zn), gold (Au), and silver (Ag) which included trenching that exposed

bedrock. Results included grab samples up to 59.43g/t Au, 11.10% Sb, 7.00% Zn, 72.90g/t Ag,

and 5.50% Pb in arsenopyrite-stibnite veins within altered monzogranite. (See Metals Creek

assessment report https://gis.geosurv.gov.nl.ca/geofilePDFS/Batch2016/002D_0779.pdf

In a news release dated 14 January 2026, Lomiko announced assay results regarding additional

REE analysis from the recently completed Phase II soil sampling and prospecting program (See

News Release September 23, 2025) on the Yellow Fox Antimony property.

Please note that the results on an adjacent or nearby property (Beaver Brook) are not necessarily

what can be expected on the Yellow Fox project, and that the results of surface or grab samples,

by their nature, are selective, and that the assay results may not be indicative of underlying

mineralization.

Qualified Person for technical content at Yellow Fox

The technical information in this press release has been prepared and approved by Gordana

Slepcev, P.Eng., who is registered in Ontario as a qualified person as defined by NI 43-101. QP

relied on the information provided by Metals Creek. Metals Creek QP is Wayne Reid, P.Geo. is

registered in Newfoundland.

Qualified Person

The technical content presented in this press release was reviewed and approved by Gordana

Slepcev, P.Eng., who is the CEO & President of Lomiko Metals and acts as the “Qualified Person”

as that term is defined under National Instrument 43-101, Standards of Disclosure for Mineral

Projects. Also, Wayne Reid, P.Geo, and director for the Corporation (MEK) and a qualified person

as defined in National Instrument 43-101, has reviewed and approved the disclosure of the

exploration information in this news release.

All 851 initial soil samples from this past summer's programs were dried and then sent to Eastern

Analytical Ltd., located in Springdale, Newfoundland, Canada. Samples are analyzed by the ICP34

method that delivers a 34-element package and analyzed by the ICP-OES analytical technique with

blanks and standards inserted every 20-25 samples. The 7 samples in this press release were sent

to Bureau Veritas, located in Vancouver, British Columbia, Canada. Samples are analyzed by ICP-

OES utilizing a multi-acid digestion analytical technique. No standards or blanks were added to

this batch of 7 samples.

About Lomiko Metals Inc.

The Company holds mineral interests in its La Loutre graphite development in southern Quebec.

The La Loutre project site is within the Kitigan Zibi Anishinabeg (KZA) First Nation’s territory.

The KZA First Nation is part of the Algonquin Nation, and the KZA traditional territory is situated

within the Outaouais and Laurentides regions. Located 180 kilometers northwest of Montreal, the

property consists of one large, continuous block with 76 mineral claims totaling 4,528 hectares

(45.3 km2).

Lomiko Metals published an updated Mineral Resource Estimate (MRE) in a NI 43-101 Technical

Report and Mineral Resource Estimate Update for the La Loutre Project, Quebec, Canada,

prepared by InnovExplo on May 11th, 2023, which estimated 64.7 million tonnes of Indicated

Mineral Resources averaging 4.59% Cg per tonne for 3.0 million tonnes of graphite, a tonnage

increase of 184%. Indicated Mineral Resources increased by 41.5 million tonnes as a result of the

2022 drilling campaign, from 17.5 million tonnes in 2021 MRE with additional Mineral resources

reported down-dip and within marble units resulted in the addition of 17.5 million tonnes of

Inferred Mineral Resources averaging 3.51% Cg per tonne for 0.65 million tonnes of contained

graphite; and the additional 13,107 metres of infill drilling in 79 holes completed in 2022 combined

with the refinement of the deposit and structural models contributed to the addition of most of the

Inferred Mineral Resources to the Indicated Mineral Resource category, relative to the 2021

Mineral Resource Estimate. The MRE assumes a US$1,098.07 per tonne graphite price and a cut-

off grade of 1.50% Cg (graphitic carbon). The independent and qualified persons for the mineral

resource estimate, as defined by NI 43 101, are Marina Iund, P.Geo. (InnovExplo Inc.), Martin

Perron, P.Eng. (InnovExplo Inc.)., Simon Boudreau, P.Eng. (InnovExplo Inc.). and Pierre Roy,

P.Eng. (Soutex Inc.). The effective date of the estimate is May 11, 2023.

The Company also holds interest in seven early-stage projects in southern Quebec, including

Ruisseau, Tremblant, Meloche, Boyd, Dieppe, North Low and Carmin, covering 328 claims in

total on 7 early-stage projects covering 18,622 hectares in the Laurentian region of Quebec and

within KZA territory.

The stage graphite portfolio consists of 328 claims in total on seven early-stage projects covering

18,622 hectares in southern Quebec. The grades presented below for the Laurentides graphite

portfolio were press-released on January 7 th, 2025. ( https://lomiko.com/news/lomiko-metals-

encounters-up-to-27-9-graphite-at-its-laurentides-early-stage-projects-including-the-discovery-of-four-

new-zones-at-the-ruisseau-project-spanning-over-3-kilometres-long/)

• Ruisseau–grades up to 27.9 percent carbon graphite (“% Cg”) from four distinct high grade

mineralized zones that are over 3km long;

• Meloche –grades up to 13.3% Cg from two distinct mineralized clusters;

• Tremblant –grades up to 11.6% Cg from numerous, widespread spot anomalies; and

• Dieppe –grades up to 6.82% Cg from numerous, widespread spot anomalies and a distinct

mineralized cluster.

• Boyd–8 samples grades range from 5.61% Cg to 17.10 %Cg with all samples above 5.00% Cg.

The technical content regarding the exploration results presented was reviewed by Mark Fekete,

P.Geo. who acts as an independent consultant to the Company and is the Qualified Person.

The Yellow Fox Property is located approximately 10 km southwest of the Town of Glenwood

NL, and south of the Trans-Canada Highway. The main Yellow Fox showing is located in the

central part of License 027536M, 5km from the western end of Gander Lake.

This property is on the same trend as the past-producing antimony mine Beaver Brook, which is

located 25km southwest of the property. Yellow Fox is an early-stage exploration property

prospective in antimony, gold, and silver where historic works returned samples anomalous in gold

(Au), antimony (Sb), lead (Pb), zinc (Zn), and silver (Ag). The trenching exposed the rocks,

resulting in grab samples to 59.43g/t Au, 11.10% Sb, 7.00% Zn, 72.90g/t Ag, and 5.50% Pb in

arsenopyrite-stibnite veins within altered monzogranite. (See Metals Creek assessment report at

https://gis.geosurv.gov.nl.ca/geofilePDFS/Batch2016/002D_0779.pdf)

Lomiko QP relied on the information provided by Metals Creek. Metals Creek QP is Wayne

Reid P.Geo. is registered in Newfoundland.

On behalf of the Board,

Gordana Slepcev

CEO & President and Director, Lomiko Metals Inc.

For more information on Lomiko Metals, review the website at www.lomiko.com.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable

Canadian securities legislation that is based on expectations, estimates, projections and

interpretations as at the date of this news release. The information in this news release about the

Company; and any other information herein that is not a historical fact may be "forward-looking

information" (“FLI”). All statements, other than statements of historical fact, are FLI and can be

identified by the use of statements that include words such as "anticipates", "plans", "continues",

"estimates", "expects", "may", "will", "projects", "predicts", “proposes”, "potential", "target",

"implement", “scheduled”, "intends", "could", "might", "should", "believe" and similar words or

expressions. FLI in this new release includes, but is not limited to: the total gross proceeds of the

Offering, the use of proceeds of the Offering, the timing and successful completion of the Offering;

the Company’s ability to successfully fund, or remain fully funded for the implementation of its

business strategy and for exploration of any of its projects (including from the capital markets);,

and the expected timing of announcements in this regard. FLI involves known and unknown risks,

assumptions and other factors that may cause actual results or performance to differ materially.

The FLI in this news release reflects the Company’s current views about future events, and while

considered reasonable by the Company at this time, are inherently subject to significant

uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately

reflect actual results. Assumptions upon which such FLI is based include, without limitation: the

Company’s, ability to implement its overall business strategy and to fund, explore, advance and

develop each of its projects, including results therefrom and timing thereof, the impact of

increasing competition in the mineral exploration business, including the Company’s competitive

position in the industry, and general economic conditions, including in relation to currency controls

and interest rate fluctuations.

The FLI contained in this news release are expressly qualified in their entirety by this cautionary

statement, the “Forward-Looking Statements” section contained in the Company’s most recent

management’s discussion and analysis (MD&A), which is available on SEDAR+ at

www.sedarplus.ca. All FLI in this news release are made as of the date of this news release. There

can be no assurance that such statements will prove to be accurate, as actual results and future

events could differ materially from those anticipated in such statements. Accordingly, readers

should not place undue reliance on such forward-looking information. The Company does not

undertake to update or revise any forward-looking information contained herein to reflect new

events or circumstances, except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined

in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or

accuracy of this news release.

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